- DevvStream announced several transactions that will reduce outstanding debt by about $5.9 million.
- Southern Energy announced a partnership with Axens to collaborate on sustainable aviation fuel projects.
- Southern Energy also introduced an experimental digital token, $SAF, designed to track production data.
Shares of DevvStream Corp. (DEVS) shot up around 15% on Friday after its proposed business combination partner, Southern Energy Renewables, announced a $1.4 billion investment to develop a green methanol and sustainable aviation fuel production facility in Louisiana.
DEVS shares also hit their 50-day moving average (50-DMA) for the first time since Dec. 8, 2025.
Source: TradingView
Planning and site development are currently underway, with construction expected to start in late 2027 and production targeted in late 2029, Southern Energy said. The project is expected to create 120 new direct jobs. The Louisiana Economic Development estimates the project will also result in an additional 394 indirect new jobs.
“Louisiana is a vital partner in advancing our production model that includes the conversion of regional wood-waste biomass sourcing, fuel production, and aviation and maritime offtake to create a first-of-its-kind platform with the potential to compete on a global stage and reduce the global reliance on China for clean fuels,” Southern Energy Renewables CEO Jay Patel said.
DevvStream and Southern Energy signed a business combination agreement last December, with completion expected in the first half of 2026.
$5.9 Million Debt Reduction
DevvStream also announced several strategic transactions that will reduce outstanding debt by about $5.9 million. The moves include debt-to-equity conversions by Focus Impact Partners, which converted about $5.5 million of notes and fees into equity at a premium.
Helena Partners also agreed to release cash collateral and allow partial debt repayment. In addition, Helena provided a $700,000 interest-free loan to support ongoing operations.
Tie Up With Axens For Sustainable Aviation Fuel Production
In a separate release, Southern Energy announced a partnership with Axens to collaborate on sustainable aviation fuel (SAF) projects. Southern Energy will lead project development, including permitting, site work, and feedstock supply, while Axens will provide key technologies for SAF production and carbon capture. The companies aim to convert regional biomass into low-carbon fuels through a scalable and bankable project structure.
Southern Energy also introduced an experimental digital token, $SAF, designed to track production data and improve transparency into SAF output and operational performance.
How Did Stocktwits Users React?
Retail sentiment on Stocktwits remained in the ‘extremely bullish’ zone over the past 24 hours, accompanied by ‘extremely high’ message volumes.
One user noted that “the good news is something loooong down the road.”
Another user simply added that the stock is ready for a bigger move.
Year-to-date, the stock has shed more than 30%.
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